Three oil prices in the first half performance has declined structural adjustment into a new subject jiuyaogan

Three oil prices in the first half performance has declined: structural adjustment into a new subject — energy — people.com.cn original title: three oil prices in the first half performance has declined: structural adjustment into a new subject recently, China Petroleum Chemical Co, PetroChina Co Ltd and Cnooc Limited announced the first half of the performance, because the international oil price shocks down, the three major oil companies performance decreased. Due to the relatively large upstream, the first half of the net profit of oil fell nearly 98%, to $531 million, CNOOC net loss of $7 billion 740 million. Sinopec is benefiting from the downstream oil refining and chemical industry profit growth, although profits fell 20%, but in three oil prices make the most money. Low oil prices to promote performance differentiation since 2014, international oil prices continued to hover low. In the first half of this year, oil prices even hit a new low of nearly ten years. For the three major oil companies, this is the biggest negative factors affecting the performance of the. In three oil prices, oil upstream business, crude oil production accounted for more than half of the country, natural gas production has more than 60%. CNOOC is based on offshore oil and gas development. Offshore oil and gas potential is huge, but the development cost is much higher than the land. Therefore, the oil price downturn in the oil and CNOOC hit a huge. In accordance with international financial reporting standards, the first half of this year, the net profit attributable to shareholders of the parent company was 531 million yuan, compared with $25 billion 400 million last year. PetroChina said in the release of results, the production and operation of the most difficult period since the listing. CNOOC oil and gas sales revenue 55 billion yuan, down nearly 30%. Xiamen University center director Lin Boqiang said the economic cooperative energy, international oil prices are the biggest influence on the first half of the performance of the three major oil companies, especially in the first few months fell to about $30 a barrel. Although later picked up, but the performance of the three oil prices still have a significant impact. At the same time in the first half of China’s economic downward pressure is still large, the demand for refined oil, especially diesel further slowdown, resulting in the price is not ideal. Sinopec is benefiting from the integration of exploration and development and the advantages of petrochemical, oil prices rose more freely. Data show that in the first half of the upper reaches of Sinopec exploration plate although a loss, but the oil refining and chemical business earnings growth. Refining sector achieved operating income of 32 billion 600 million yuan, an increase of 113%, becoming the main support for the company’s profits. While refining margin increased by 112.7% year on year, the highest level for the same period listed. In addition, in January this year, the national development and Reform Commission announced the adjustment of the price of refined oil to set the floor price, when the international market oil prices below $40 a barrel, the highest retail price of gasoline and diesel is not reduced. Sinopec refining business accounted for a large proportion, and 80% of crude oil imports from the provisions of the refining business profits to enhance significantly. In an interview, the reporter learned that Sinopec in recent years continue to adjust product mix, continued to increase production of gasoline, kerosene, diesel oil accounted for. The non oil trade amounted to 18 billion 500 million yuan, an increase of 43%. In order to enhance the competitiveness of the chemical business of naphtha as raw material in low oil prices at the same time, increase production of high value-added products, to achieve operating income)相关的主题文章: